The Favorites tab brings up a list of views that the user has marked as their favorite. Clicking on the Favorites tab and selecting the desired view will open it in the web application.
How To Set a view as a favorite
Open the desired view.
Click the star in the upper left hand corner of the screen.
The star will now be yellow and the view will be displayed under the Favorites tab.
Clicking on this link will open the view.
Click the star again to take it off the Favorites tab.